Do you know that the government provides cheap loans to the beneficiaries of PM Kisan Yojana. Yes, if you are also a beneficiary of PM Kisan Samman Nidhi Yojana, then you can also take advantage of the loan available at an affordable rate. Actually this is the facility of Kisan Credit Card, which is available to the beneficiaries of PM Kisan. Through KCC, the government provides loans at a very low interest rate, which can be used by the farmers for the necessary expenses for their farming. Let us
Rate of interest
The validity of Kisan Credit Card is 5 years.
Farmers get a loan of up to Rs 3 lakh on this card. The interest on KCC loan is 9 percent, but for farmers this rate is very low. The government gives a subsidy of 2 percent on KCC. With this, the farmer gets a loan on this loan at 7 percent interest rate. The special thing is that if farmers pay this loan ahead of time, then they also get a rebate of up to 3 percent on interest. In such a situation, the farmers have to pay only 4 percent of the total interest on this loan.
These documents will be needed
To make Kisan Credit Card, you will need aadhar card, PAN card and your photo. Apart from this, you will also have to give an affidavit, in which you will have to tell that you have not taken a loan from any other bank. The form of Kisan Credit Card is available on the website of PM Kisan (PM Kisan) scheme, PMkisan.gov.in. From here you can download this form.
This is the process
The beneficiaries of PM Kisan will first have to visit the website pmkisan.gov.in to download the Kisan Credit Card form. Download KKC Form option is given on the right side of the form tab on this website. From here you have to download the form and fill it and submit it to the nearest bank branch.
KCC form can be submitted in these banks
Banks offering Kisan Credit Card facility include State Bank of India (SBI), Bank of India and Industrial Development Bank of India (IDBI) as well as Kisan Co-operative Bank (Co- operative bank), regional rural bank and National Payments Corporation of India. Farmers can apply in these banks to get Kisan Credit Card.